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20110715
20110715
Search Results 0 to 3 of about 4 (some duplicates have been removed)
stares down its debt. abc's jon karl explains. >> reporter: we took a journey to the u.s. mint in philadelphia for a lesson in how the government is losing money by making money. this is the presidential dollar coin. congress ordered the mint to make millions of them to honor every dead president but nobody seems to want them. they cost 32 cents a pop to make. the mint makes nearly 2 million of them every day. do the math. about 600,000 dollars a day to make them. because almost nobody uses these things, most go directly into storage. we found a bunch of them 100 miles down the road in a vault. here at the federal reserve in baltimore, the coins are packed into plastic bags stacked one on top of each other all the way up and down this aisle several aisles of them, millions and millions of dollars in presidential coins. federal reserve says they are piling up so quickly they are spending $650,000 to build a new vault in dallas to hold them. shipping the coins there will cost another $3 million. senator jack reed was one of the co-sponsors of the bill that directed the mint to ma
leader mitch mcconnell and even jon kyl working with house republicans they're negotiating a way to get this through. one way, we're going to raise the debt ceiling. that we know and the rest of this press conference was a little bit about what is it going to look like? how many cuts are going to be involved? how much is the deficit going to get reduced and then a little bit looking back and friday morning quarterbacking. what could have worked and what didn't work. >> chuck todd in the briefing room, well done. over to david gregory across town. david, of course, the unspoken thing in washington. spoken by some, there is this block of republicans in the house that wants none of it and the republican leadership is having a tough time. >> yeah, i think that limits the scope of what's possible here. my reading of what the president is saying is i can take something that we've already agreed to in principaprincipal. we will have that fight in 2012. a lot of 2012 talk in that, brian. what republicans were not willing to do and how they were not willing to lead and where he was. that will be
Search Results 0 to 3 of about 4 (some duplicates have been removed)

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